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Analysts following the Cullumber Golf Company were given the following balance sheet information for the years ended June 30 , 2017 and June 30, 2016
Analysts following the Cullumber Golf Company were given the following balance sheet information for the years ended June 30 , 2017 and June 30, 2016 : In addition, it was reported that the company had a net income of $2,857,348 and that depreciation expenses were equal to $212,366 during 2017. Assume amortization expense was $0 in 2017. Based on the financial statements for Cullumber Golf Company above, compute the cash flow invested in net working capital and the cash flow invested in long-term assets that you would use in a calculation of the cash flow to investors for 2017. (Enter negative amounts using either a negative sign preceding the number e 945 or narenthesesp (45)
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